Big Picture

FSDC Paper Sets Out Key Factors to Facilitate VCM Growth

07/02/2023

FSDC paper discusses key considerations that would be conducive to the development of Hong Kong’s VCM ecosystem.

Market Infrastructure

BI Starts Publishing Compounded IndONIA and IndONIA Index

06/02/2023

The publication of Compounded IndONIA and IndONIA Index is aimed at encouraging greater use of IndONIA in financial products.

Sanctions

OFAC Sanctions Eight Executives of Iranian Drone Maker

06/02/2023

The US has issued five rounds of designations of individuals and entities involved in transferring drones to Russia for use in Ukraine.

AML / KYC

SFC Seeks Early Submission of Data Required Under HKIDR

06/02/2023

Intermediaries are asked to submit their BCAN-CID Mapping Files as soon as possible to ensure sufficient time to verify the data and rectify any errors.

AML / KYC

New Report Calls for Global Action to Address TBML

06/02/2023

Recommendations include the use of education campaigns, inter-agency task forces, beneficial ownership registries, and new technologies to assess trade pricing.

Crypto / Digital Assets

Indonesia OJK Launches Five Year Capital Market Roadmap

06/02/2023

The roadmap has five pillars, each comprising several action plans. Separate rules will be established for digital assets with the characteristics of securities.

ESG / Sustainability

SEC Philippines Drafts Guidance on Sustainability-linked Bonds

06/02/2023

Under the guidelines, the issuer must be an ASEAN Issuer or a non-ASEAN issuer with KPIs linked to an ASEAN member country.

Market Infrastructure

OECD Issues Guidance on Implementing Global Minimum Tax

06/02/2023

The guidance aims to help governments implement the 15% global minimum corporate tax in a consistent manner and reduce compliance costs for companies.

Crypto / Digital Assets

Korea: Man Arrested for Allegedly Stealing Bithumb Funds

06/02/2023

Kang Jong-Hyun is suspected of conspiring to manipulate the stock price of Bithumb affiliates and steal KRW 60 billion in company funds.